ETC is showing a strong bullish structure, just like many other altcoins.
The key difference? ETC has already confirmed its breakout.
As long as ETC holds above the $21 level, I believe the minimum target sits at $32 in the coming weeks.
According to Elliott Wave Theory, that $32 region also marks the end of wave 3, which perfectly aligns with a daily supply block, a strong technical confluence.
Recently, ETC tapped the rebuy zone, highlighted in purple (S/R zone) on the chart.
Lower timeframes also support this bullish continuation scenario.
Momentum is on the side of the bulls.
S wishes you the best of luck!
The key difference? ETC has already confirmed its breakout.
As long as ETC holds above the $21 level, I believe the minimum target sits at $32 in the coming weeks.
According to Elliott Wave Theory, that $32 region also marks the end of wave 3, which perfectly aligns with a daily supply block, a strong technical confluence.
Recently, ETC tapped the rebuy zone, highlighted in purple (S/R zone) on the chart.
Lower timeframes also support this bullish continuation scenario.
Momentum is on the side of the bulls.
S wishes you the best of luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.